The Non-Bailout BAILOUT commences – total system collapse temporarily averted with emergency liquidity flood
The Non-Bailout BAILOUT commences – total system collapse temporarily averted with emergency liquidity flood
Get ready to PAY FOR ALL OF THIS fiasco!
Three US banks collapsed last week (Silvergate, Silicon Valley Bank and Signature). Contagion took hold and quickly began to spread to other banks…The entire US banking system would have collapsed starting today if not for the FDIC jumping in and offering to rescue even non-insured depositors at SVB.
Remember what I just said above..
The problem is that the FDIC only had slightly over $100 billion in funds to carry this out. Yet the total bank deposits held across America are approaching $10 trillion. (Nearly 10,000 billion.) In effect, the FDIC only has enough funds to cover about 1% of bank deposits in America.
It appears that this could be a prelude to the ‘Great Tribulation’ which Christ talks about in Matthew 24 and iit can happen fast.
Mathematically, what all this means is that the Treasury and Fed are going to have to print money to prop up failing banks, especially as contagion spreads and more banks crater as the Fed raises interest rates — a kind of “controlled demolition” of the US economy and stock market. This is going to dilute the value of dollars and cause huge inflation increases across all the products you normally buy, such as groceries, housing, clothing, fuel and so on.
Get ready for massive inflation and continue to pray. How is rthe New World Order working out so far?
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